You will be using EDGAR (http://www.sec.gov/edgar.shtml) andthe FASB codification system to research a company's financial statements and to research a proposed accounting standard for the current or prior year (liability and equity-type transactions only).You will be creating financial accounting information andcommenting on the proposal you selected as it applies to the company you selected.

Find a proposed standard from the current or prior year that is related to this course (liability and equity-type transactions only) in the FASB Codification system.Prepare a 2-3 page summary of the FASB proposal highlighting what changed, why, and the potentialimpact on the financial statements and disclosures.

Below are some of the liability and equity type transactions from FASB I need at least a two page summary

Proposed Accounting Standards Updates B 2020 Proposed Accounting Standards Update 2020-1000-Business Combinations (Topic 805): Accounting for Contract Assets and Contract Liabilities from Contracts with Customers Proposed Accounting Standards Update 2020-800-Eamings Per Share (Topic 260), Debt-Modifications and Extinguishments (Subtopic 470-50), Compensation-Stock Compensation (Topic 718), and Derivatives and Hedging-Contracts in Entity's Own Equity (Subtopic 815-40): Issuer's Accounting for Certain Modifications or Exchanges of Freestanding Equity-Classified Forwards and Options (a consensus of the Emerging Issues Task Force) Proposed Accounting Standards Update 2020-700-Leases (Topic 842): Targeted Improvements Proposed Accounting Standards Update 2020-200-Compensation-Stock Compensation (Topic 718): Determining the Current Price of an Underlying Share for Equity-Classified Share-Option Awards 2019 Proposed Accounting Standards Update 2019-790-Derivatives and Hedging (Topic 815): Codification Improvements to Hedge Accounting Proposed Accounting Standards Update (Revised) 2019-780-Debt (Topic 470)-Simplifying the Classification of Debt in a Classified Balance Sheet (Current versus Noncurrent) Proposed Accounting Standards Update 2019-600-Disclosure Improvements-Codification Amendments in Response to the SEC's Disclosure Update and Simplification Initiative Proposed Accounting Standards Update (Revised) 2019-500-Income Taxes (Topic 740)-Disclosure Framework-Changes to the Disclosure Requirements for Income Taxes (Revision of Exposure Draft Issued July 26, 2016) Proposed Accounting Standards Update 2019-300-Business Combinations (Topic 805)-Revenue from Contracts with Customers- Recognizing an Assumed Liability